Somewhat Positive Press Coverage Somewhat Unlikely to Impact CBRE Group (CBG) Stock Price

News coverage about CBRE Group (NYSE:CBG) has trended somewhat positive on Monday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CBRE Group earned a news impact score of 0.25 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.8171712994752 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several equities analysts have recently issued reports on CBG shares. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. Barclays PLC boosted their target price on CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. UBS AG began coverage on CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 target price for the company. BidaskClub lowered CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Bank of America Corporation upped their price target on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $40.33.

CBRE Group (NYSE CBG) opened at $41.53 on Monday. The stock has a market capitalization of $14,097.74, a P/E ratio of 15.67, a P/E/G ratio of 1.22 and a beta of 1.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. CBRE Group has a 52 week low of $27.35 and a 52 week high of $41.60.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the company posted $0.50 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. research analysts predict that CBRE Group will post 2.63 earnings per share for the current year.

In other news, insider Calvin W. Frese, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.04, for a total transaction of $1,001,000.00. Following the sale, the insider now directly owns 246,473 shares of the company’s stock, valued at approximately $9,868,778.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Laurence H. Midler sold 9,632 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $36.24, for a total value of $349,063.68. Following the sale, the executive vice president now directly owns 111,720 shares in the company, valued at $4,048,732.80. The disclosure for this sale can be found here. Insiders sold a total of 5,706,467 shares of company stock valued at $205,082,221 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

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